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Mycoplasma Testing Market Size, Trends And Global Growth Report 2024-2033
Mycoplasma Testing Market
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According to The Business Research Company's, The mycoplasma testing market size has grown rapidly in recent years. It will grow from $0.94 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to outbreaks and contamination incidents, increased awareness, biotechnology sector expansion, research and development initiatives, healthcare industry trends, rise in cell culture production.
The mycoplasma testing market size is expected to see rapid growth in the next few years. It will grow to $1.71 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to demand for quality assurance, emerging market demand, biopharmaceutical industry growth, rise in cell-based therapies, expansion of biotechnology sector. Major trends in the forecast period include regulatory standards and compliance, healthcare awareness and diagnostics, global pandemic preparedness, point-of-care testing innovation, market penetration in emerging economies.
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Market Drivers and Trends:
The increasing prevalence of mycoplasma pneumonia is expected to propel the growth of the mycoplasma testing market going forward. Mycoplasma pneumonia refers to a respiratory infection caused by the bacteria Mycoplasma pneumoniae. Mycoplasma testing plays a crucial role in diagnosing Mycoplasma pneumonia by detecting the presence of Mycoplasma pneumoniae bacteria in respiratory specimens, aiding in the timely and accurate identification of the infection for appropriate medical treatment and management. For instance, in December 2023, according to the Centers for Disease Control and Prevention, a US-based government agency An estimated 2 million cases of Mycoplasma pneumoniae infections occur each year in the United States. Therefore, the increasing prevalence of mycoplasma pneumonia is driving the growth of the mycoplasma testing market.
Major players operating in the market are undertaking various strategic investments such as the launch of innovative products, research and development advancements, and technological innovations, which are gaining significant popularity in the mycoplasma testing market. Companies are introducing new innovative products to meet the requirements of end-users and expand the consumer base to survive in the competitive business environment. For instance, in October 2022, SwiftDx, a UK-based biotechnology company, launched a new detection test for mycoplasma contamination using a PCR-based method. The SwiftDx Mycoplasma Detection Kit is a lateral flow test that offers a quick and accurate way to detect mycoplasma. The test uses a small sample directly from the cell culture media supernatant without interrupting cell growth. The results are displayed in a simple and easy-to-read format. The test is highly sensitive and specific with a detection limit of less than 10 cfu/mL after day 3 of culture.
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Major Key Players of the Market:
Abbott Laboratories, Merck KGaA, Thermo Fisher Scientific Inc., Boston Scientific Corporation, Olympus Corporation, Agilent Technologies Inc., Lonza Group AG, Roche Diagnostics International AG, Smith & Nephew plc, Charles River Laboratories International Inc., CONMED Corporation, Nelson Laboratories Fairfield Inc., AngioDynamics Inc., Creative Bioarray, Biological Industries Israel Beit Haemek Ltd., Biotools B & M Labs S.A, PromoCell GmbH, American Type Culture Collection, Bionique Testing Laboratories Inc., InvivoGen, Clongen Laboratories LLC, Norgen Biotek Corporation, Gen Bio Sciences (P) Ltd., GeneCopoeia Inc., Minerva Biolabs GmbH, Mycoplasma Experience, Savyon Diagnostics, ScienCell Research Laboratories Inc., AtriCure Inc., Advanced Cardiac Therapeutics Inc., ARTWORKSIT
Mycoplasma Testing Market 2024 Key Insights:
• The mycoplasma testing market size is expected to see rapid growth in the next few years. It will grow to $1.71 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%.
• Rising Incidence Of Mycoplasma Pneumonia Fuels Growth In Mycoplasma Testing Market
• Innovative Strides Propel Mycoplasma Testing Market
• North America was the largest region in the mycoplasma testing market in 2023
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